Beacon Chain block 74159

Hash

1f104db447a790af91ea630a7f52abc4e6f8c3377f235d04cc895e163f4441d2d...

27 Oct 2021 02:24:11 UTC (3 years ago)

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The Beacon Chain is a key component of the Ethereum 2.0 upgrade, which introduces proof-of-stake to the network, fundamentally changing the consensus mechanism from proof-of-work to a more energy-efficient system. It acts as the central coordination and consensus layer, managing the network of validators, their stakes, and providing the backbone for shard chains to ensure scalability and security for the entire Ethereum ecosystem.